King & Wood Mallesons (KWM) has advised MORGEN & MORGEN Group GmbH on the sale of MORGEN & MORGEN GmbH (MORGEN & MORGEN) to Jung, DMS und Cie. AG, a subsidiary of JDC Group AG (JDC Group).
MORGEN & MORGEN is an independent analysis and data provider and is one of the market leaders for data analytics and comparison software in the insurance industry. The company employs its own team of actuaries to check and recalculate the rates to be compared on the market, thereby optimizing its neutral industry data and analyses. Agents, banks, insurance companies and the business press regularly access data and calculations from MORGEN & MORGEN for insurance comparisons as well as analyses, ratings and rankings.
The listed JDC Group is a leading platform provider in the financial sector. Under the brands Jung, DMS & Cie, allesmeins and Geld.de, the group offers a digital platform for insurances, investment funds and other financial products and services. With more than 16,000 connected platform users, around 1.5 million customers, annual sales of around two billion euros in valuation, a fund portfolio of over five billion euros and annual insurance premiums of 750 million euros, JDC Group is one of the market leaders in the German-speaking region.
With the acquisition of MORGEN & MORGEN, JDC Group complements its own offering with a leading comparison and data technology. MORGEN & MORGEN with its complementary range of products will be an independent company within the JDC Group and will continue to operate independently and neutrally. The MORGEN & MORGEN tools will be integrated into the JDC platform, which will, however, continue to work additionally with other providers of insurance comparisons. The common goal is to generate platform synergies as partners and to further expand efficiency for all market participants.
Advisors to MORGEN & MORGEN Group GmbH:
Dr. Peter Polke, Damian Thiele (both Corporate/M&A), Rüdiger Knopf (Finance/Tax), Viktoria Rosbach (Tax)